TWENTY FIRST FLOOR - HIGH YIELD APARTMENT
Another apartment SOLD by NICK WALTERS of Kingsford Property – Melbourne’s serviced apartment specialists with over 20 years experience in the serviced apartment market.
If youd like to discuss your investment property options please call me on 0438 557 885
Situated in the heart of the city, the Oaks on Market is a fabulous apartment hotel comprising superbly appointed, self contained apartments.
On offer here for the astute investor is a large studio apartment of 40 square meters situated on Level 21 on the Northern side of the development. Brilliantly bright the apartment offers high ceilings, functional floor plan offering a smart central living area in addition to an integrated granite kitchen with quality appliances and space for a queen sized bed and built in robes. Also included is a sparkling bathroom with a shower over a bath and ducted reverse cycle air-conditioning.
This well maintained building provides intercom entry to an elegant lobby with a reception area and restaurant/bar. It also has lift access, a fully equipped gymnasium, heated lap pool, sauna, spa and three function rooms.
Leased to the Oaks Group until September 2021
Current rent: $20,576 pa ($395 per week)
Return: 6.24 %
Options: 4 x 5 year options
Rental Increases: CPI increases in years 3, 4 & 5 of the lease
Owners corporation fees
Sinking Fund $350 per Quarter (Approx)
Although every care has been taken in the preparation of the above information, we stress particulars herein are
for information only, and do not constitute representation by the Owner or the Agent.